Search found 1609 matches

by GoSeigen
June 24th, 2019, 12:49 pm
Forum: Banking Sector
Topic: Facebook's currency: Implications for Banking
Replies: 12
Views: 122

Re: Facebook's currency: Implications for Banking

Time to ditch bank shares, unless your bank is a collaborator with FB? According to the Grauniad bitcoin smashed through £8,594 ($11,000) today. The banks are toast. Sell sell sell! GS P.S. Don't tell anyone LLOY is distributing close to 10% of market cap this year. How much in dividends and intere...
by GoSeigen
June 23rd, 2019, 1:33 pm
Forum: Macro and Global Topics
Topic: The value of money, interest rates, inflation and yields" from and including
Replies: 15
Views: 38

Re: The value of money, interest rates, inflation and yields" from and including

Money's actual price can't rise because it is fixed, but you can think of the price as notionally rising if its future cashflows (therefore yield) fall. This part of the previous post is a bit garbled and nonsense as written. Please disregard. Note to self: preview more carefully before clicking Su...
by GoSeigen
June 23rd, 2019, 11:08 am
Forum: Polite Discussions
Topic: Mark Field
Replies: 80
Views: 1468

Re: Mark Field

I have no proof, but I think many left leaning men and women probably saw nothing wrong with it, but say they did to score points against a political opponent. The closed world view of the Left, where the end justifies the means no matter what the facts on the ground, the Point of order! Whence com...
by GoSeigen
June 23rd, 2019, 10:56 am
Forum: Macro and Global Topics
Topic: The value of money, interest rates, inflation and yields" from and including
Replies: 15
Views: 38

Re: The value of money, interest rates, inflation and yields" from and including

Hmm... Had a rethink this morning. I disagree. If rates are low, it must imply less value. The lender is struggling to lend it, it is less demanded, so people assign less importance to it's possession, i.e. they "value" it less. Hence the interest rate the lender applies is less. For inst...
by GoSeigen
June 23rd, 2019, 12:16 am
Forum: Macro and Global Topics
Topic: The value of money, interest rates, inflation and yields" from and including
Replies: 15
Views: 38

Re: The value of money, interest rates, inflation and yields" from and including

Hmm... If money and near-money rates are close to or below zero, and inflation is low, then to me on a historical view money is highly valued by those who wish to hold it: Had a rethink this morning. I disagree. If rates are low, it must imply less value. The lender is struggling to lend it, it is ...
by GoSeigen
June 20th, 2019, 4:15 pm
Forum: Polite Discussions
Topic: Dear Conservatives - please start running the country
Replies: 26
Views: 584

Re: Dear Conservatives - please start running the country

richfool wrote:You can thank the many MP's ERG who chose to try and thwart Brexit, the will of the people and democracy for the ensuing stalemate and logjam.


There, fixed that.

GS
by GoSeigen
June 20th, 2019, 2:59 pm
Forum: Macro and Global Topics
Topic: The value of money, interest rates, inflation and yields" from and including
Replies: 15
Views: 38

Re:The value of money, interest rates, inflation and yields" from and including

But at the time of the GFC, IIRC the commercials banks ceased to lend. Didn't QE then bolster their liquidity (i.e. it bought their gilts, and inflated the "value" of their remaining gilt stocks) ?. So the commercials banks (due to the money multiplier) then could lend against increased r...
by GoSeigen
June 20th, 2019, 2:35 pm
Forum: Macro and Global Topics
Topic: The value of money, interest rates, inflation and yields" from and including
Replies: 15
Views: 38

Re: The value of money, interest rates, inflation and yields" from and including

I think the main thing I'm trying to say is that it is more complicated than "Central Bank prints money, therefore value of money declines." For a start, money is issued not only by central banks but also by commercial banks, and monetary aggregates include both. Fair enough, I assume tha...
by GoSeigen
June 19th, 2019, 11:05 am
Forum: Polite Discussions
Topic: BBC lets known Islamic extremist to question future PM
Replies: 33
Views: 719

Re: BBC lets known Islamic extremist to question future PM

Unchallenged bias in the state media organ, which supplies two thirds of the news consumed in the UK, and paid for by what amounts to a poll tax. Especially introducing supposedly neutral interviewees, when their back story is not consistent with neutrality. It has happened several times on BBC now...
by GoSeigen
June 19th, 2019, 10:30 am
Forum: Polite Discussions
Topic: Trump
Replies: 166
Views: 8985

Re: Trump

XFool wrote:Federal Reserve veteran fears Trump is reducing America to a third world country

https://www.telegraph.co.uk/business/20 ... ird-world/


AEP still going strong eh...
by GoSeigen
June 19th, 2019, 10:28 am
Forum: Polite Discussions
Topic: BBC lets known Islamic extremist to question future PM
Replies: 33
Views: 719

Re: BBC lets known Islamic extremist to question future PM

https://order-order.com/2019/06/19/abdullah-bristol-wants-know-panel-agree-words-consequences/#disqus_thread The BBC pushed a known Islamic extremist into the limelight during their vilification of Tories debate last night, with the result that the entire group of Tory leadership hopefuls have now ...
by GoSeigen
June 19th, 2019, 10:17 am
Forum: Gilts and Bonds
Topic: Problems trading SKIP
Replies: 9
Views: 525

Re: Problems trading SKIP

In this case, I don't think the problem is with Selftrade. I have been in touch with a lot of people about this including LSE. Euroclear (who own CREST) tell me: " [SKIP] ... is not eligible for full electronic settlement. It is the choice of the Skipton to decide which [of their PIB's] are CR...
by GoSeigen
June 19th, 2019, 9:06 am
Forum: Biscuit Bar
Topic: Do posts get pulled without explanation?
Replies: 17
Views: 1387

Re: Do posts get pulled without explanation?

XFool wrote:Do posts get pulled without explanation?

Yes.


Indeed, I've had a few more disappear in recent days. Some Mods are very communicative about what they're doing, which seems to be higher than the required standard of moderation on TLF.


GS
by GoSeigen
June 19th, 2019, 7:36 am
Forum: Macro and Global Topics
Topic: The value of money, interest rates, inflation and yields" from and including
Replies: 15
Views: 38

Re: The value of money, interest rates, inflation and yields" from and including

They've been "printing" Euros and Dollars and Yen and Sterling for a decade now with not a sniff of inflation and the currencies have only got more expensive, not cheaper. Presumably, if like you suggest, the supply of all currencies is rising, and they've "only got more expensive&qu...
by GoSeigen
June 18th, 2019, 5:44 pm
Forum: Macro and Global Topics
Topic: Crypto currency endeavours
Replies: 35
Views: 2280

Re: Crypto currency endeavours

Facebook to launch crypto currency: https://www.theguardian.com/technology/2019/jun/18/libra-facebook-cryptocurrency-new-digital-money-transactions This is quite fascinating. Facebook is dirt cheap if this catches on, but... Regards, Not really relevant as will not use crypto-style public DLT (or P...
by GoSeigen
June 18th, 2019, 5:38 pm
Forum: Macro and Global Topics
Topic: The value of money, interest rates, inflation and yields" from and including
Replies: 15
Views: 38

The value of money, interest rates, inflation and yields" from and including

German industry doesn't like a strong Euro making their products more expensive and so perhaps the ECB is reacting to pressure from Merkel whereas Trump sees such moves as going against his trade policy and undermining US industry. I get it. Print more euros and make hence em cheaper. Doesn't work ...
by GoSeigen
June 18th, 2019, 4:33 pm
Forum: Beerpig's Snug
Topic: Banks
Replies: 34
Views: 799

Re: Banks

I had no idea you could pay a cheque in via your mobile phone! I will try this tonight as I have one I need to pay in - I bank with Halifax that has no local branches where I work, which is a real pain on occasions such as this. Not any more though hopefully! Cheers, OLTB. Ah, now I don't know if L...
by GoSeigen
June 18th, 2019, 2:54 pm
Forum: Beerpig's Snug
Topic: Banks
Replies: 34
Views: 799

Re: Banks

Why do people put themselves through the agony of a branch visit I wonder? i didn't know you could pay a cheque in on your mobile -phone! Who knew (well, GS obviously!). Not everybody of course has recourse to a mobile -phone... didds I have my HSBC gripes too, but HSBC is big and diverse enough th...
by GoSeigen
June 18th, 2019, 1:58 pm
Forum: Beerpig's Snug
Topic: Banks
Replies: 34
Views: 799

Re: Banks

I usually prefer a human teller as I always specify my denominations. The other day for the very first time, a human teller refused to give me the cash I wanted (80 in twenties) telling me instead to use the machine as that is what it would give me. I went to the machine, asked for 80 and got 8 ten...
by GoSeigen
June 18th, 2019, 1:03 pm
Forum: Macro and Global Topics
Topic: Crypto currency endeavours
Replies: 35
Views: 2280

Re: Crypto currency endeavours

Facebook to launch crypto currency: https://www.theguardian.com/technology/2019/jun/18/libra-facebook-cryptocurrency-new-digital-money-transactions This is quite fascinating. Facebook is dirt cheap if this catches on, but... Regards, Not really relevant as will not use crypto-style public DLT (or P...

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